š„ $PENDLE / USDT ā Bears Have Taken Control š„
PENDLE just lost its footing ā and the fall isnāt done yet.
After getting rejected hard from the 1.90ā1.95 supply zone, price snapped lower and is now hovering near 1.72, showing zero mercy from sellers. On the 1H chart, the structure is crystal clear:
š Lower highs. Lower lows. Pure bearish momentum.
This isnāt panic selling ā this is controlled distribution.
š„ Trade Idea: SHORT
šÆ Entry Zone: 1.72 ā 1.78
šÆ Targets:
ā¢ TP1: 1.68 ā first blood
ā¢ TP2: 1.62 ā momentum zone
ā¢ TP3: 1.55 ā where fear kicks in
š Invalidation: Above 1.86
As long as price stays below the 1.85ā1.90 resistance, every bounce is just a better sell opportunity. Bulls need a miracle reclaim ā until then, bears are driving this move downhill.
ā ļø Momentum favors patience. Let price come to you.
š Trade the structure. Respect the trend.
Not financial advice ā just pure market psychology at work.
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